5220 Fm 1187Burleson, TX 76028

Property Details for 5220 Fm 1187

Year built

1980

Lot size

5.85 AC

Property size (Sq ft)

18,540 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

A1263--19D02---20

APU

A126319D0220

Description

This prime retail opportunity is located in the Rendon Shopping Center at 5220 FM1187, Burleson, Texas 76028. The center offers a total of 7,500 square feet of retail space, with 3,900 square feet currently available for lease. Built in 1980, the center benefits from its established location and high visibility. Currently, there are multiple tenancies within the center. One available space, previously used as a fireworks inventory and sales store, offers 1,844 square feet. Another available space, a former t-shirt shop, is located next to the Hoots bar and measures 2,056 square feet. This space is an end cap unit on the east side of the bar. The property's location in Burleson, Texas provides excellent access to a thriving community. This is an ideal opportunity for businesses seeking high-traffic exposure in a well-established retail center. The available spaces present a versatile opportunity for a variety of retail uses. Interested parties are encouraged to inquire about lease terms and availability.

• CAP approach

  CAP return

  Valuation

  6%

  $3,628,119

  6.5%

  $3,349,032

  7%

  $3,109,816

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,361,452

  Geo Method

  $5,550,690

• Alternative Use

  Use

  Valuation

  Residential

  $4,152,800

  Hospitality

  $3,803,943

  Educational

  $3,164,836

  Medical

  $3,273,679

  Retail

  $4,923,078

Location Insight

City

Burleson

County

Tarrant

State

Texas

Latitude

32.5793

Longitude

-97.25

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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